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Nov 30, 2012
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words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to
words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday...
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Nov 19, 2012
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house majority whip kevin mccarthy will be here in "america's newsroom" to talk fiscal cliff with us. we'll ask him about the likelihood of higher taxes in the new year. bill: meanwhile oversees new developments on libya. congress launching an investigation into who changed cia talking points blaming the assault on terrorism after david petraeus told law meekers that his agency knew al-qaida, or links to al-qaida was involved from the very start. chief intelligence correspondent catherine herridge live on this in washington. what can we report about the talking points. >> good morning. fox news was told that the language in the talking points changed from al-qaida affiliated individuals to extremist organizations which republicans say had the a effect of minimizing the role of terrorists in the attacks and the chairman intelligence committee says the evidence points to the administration's political appointees. >> it worked its way up through the system of these so-called talking points that everyone refers to, then it went up to the deputy's committee. what i found fascinating about
house majority whip kevin mccarthy will be here in "america's newsroom" to talk fiscal cliff with us. we'll ask him about the likelihood of higher taxes in the new year. bill: meanwhile oversees new developments on libya. congress launching an investigation into who changed cia talking points blaming the assault on terrorism after david petraeus told law meekers that his agency knew al-qaida, or links to al-qaida was involved from the very start. chief intelligence correspondent...
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Nov 16, 2012
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more on libya and talks about the looming fiscal cliff from the white house top of the next hour. there are sipes of compromise some say? is that enough? is that true? we'll take you live there on that. martha: a horrific crash at a veterans parade. four people dead. several more injured. >> just saw people under the train. they were like, blood, there was blood all over. >> i heard a noise. it was -- that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> we are off and running on this benghazi story. it is the biggest story of the day, testifying before congress at the moment. first the house side and then the senate side as general david petraeus is there. house homeland security chairman peter king just missed talking about this. if you missed it moments ago here is part of what he said. >> the testimony today was from the start he had told us this was a terrorist attack, there were terrorists involved from the start. i told him my had a very different recollection of
more on libya and talks about the looming fiscal cliff from the white house top of the next hour. there are sipes of compromise some say? is that enough? is that true? we'll take you live there on that. martha: a horrific crash at a veterans parade. four people dead. several more injured. >> just saw people under the train. they were like, blood, there was blood all over. >> i heard a noise. it was -- that will make it drop over, and over again. ♪ from jammin' jerk chicken, to...
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Dec 13, 2012
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this is the house minority leader nancy pelosi talking about the fiscal cliff with the possibility of not going over that. we have a new poll that is showing americans serious lie losing faith in the federal government. 7% think things are working pretty well in washington. 26% say just okay. a whooping 65% believe the government is just plain broke broken. say good morning to bret baier. we were talking to senator john thune about an hour ago. i know these guys are negotiating publicly, but i get the impression from him that there is no deal, and quite likely they are nowhere close. do you think that is posturing or do you think that is the story? >> i think it's a combination, bill, to be honest with you, i think there are -- to talk to democrats they are a lot closer than republicans say they are, publicly. and privately we don't really know how close they are. we've heard behind closed doors that, you know, there are hundreds of billions of dollars apart and there are some major differences. some say that they can bridge that divide before the deadline, others say it's really goin
this is the house minority leader nancy pelosi talking about the fiscal cliff with the possibility of not going over that. we have a new poll that is showing americans serious lie losing faith in the federal government. 7% think things are working pretty well in washington. 26% say just okay. a whooping 65% believe the government is just plain broke broken. say good morning to bret baier. we were talking to senator john thune about an hour ago. i know these guys are negotiating publicly, but i...
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Dec 5, 2012
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to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a train carrying toxic chemicals derailed nearly a week ago. 100 families told they have to leave their homes in new jersey near philadelphia. they have to play it safe until the last of the hazard does gas is removed. >> what we'll do we'll pump liquid in that dissolves the vinyl chloride. we'll pump that liquid back out into the highway truck. we have a derailment of hazardous of materials over and in a waterway and a community adjacent to it, right next to it. martha: the rail line is paying for hotel rooms and other expen
to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a...
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Nov 15, 2012
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it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending cuts. you will go into recession. a separate report looks just at what happens if we raise taxes on the top 2%. just on the rich, the top 2%. if we do that, we lose 200,000 jobs next year. factor that into the employment situation, gregg. it's not pretty. gregg: it is not. stuart varney, thanks very much. there is the number, a lot of zeros after that too. stuart, thanks very much. martha: put it in context for you. since december of 2007, weekly jobless claims stayed above 300,000. you can see the big spike in early 2009. economist s
it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending...
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Nov 14, 2012
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about the fiscal cliff and to talk about ways to generate jobs in this country, this comes a day after the meeting he had yesterday which was first on the agenda to sit down with the nation's top labor leaders. bill: what if they fail on this cliff. nearly all americans will see a tax increase while across-the-board spending cuts take effect. so far there is no plan from democrats or republicans that both sides can agree on. but senate minority leader mitch mcconnell says he's ready to reach across the aisle. >> we are ready to find common ground on revenue. but we are also not about to further weaken the economy by raising tax rates and hurting jobs. bill: in 30 minutes, what would steve forbes do? martha: that's a question i always ask myself. in this situation, what would steve forbes do? pill * these are big, big issues and negotiations will go late into the night. we'll get steve's take coming up on that. martha: an investigation is underway after a small plane carrying three pilots crashed into a neighborhood. what witnesses heard and saw there. bill: there were serious questions
about the fiscal cliff and to talk about ways to generate jobs in this country, this comes a day after the meeting he had yesterday which was first on the agenda to sit down with the nation's top labor leaders. bill: what if they fail on this cliff. nearly all americans will see a tax increase while across-the-board spending cuts take effect. so far there is no plan from democrats or republicans that both sides can agree on. but senate minority leader mitch mcconnell says he's ready to reach...
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Nov 29, 2012
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cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because think deal will need to be carried by the two of them, bottom line democratic leaders here on the hill will go along with the president's plan, speaker boehner needs to be able to sell it in the house, martha. martha: there was a report that there was a curt, tense conversation. now we are learning that it went on as you said, mike for 15 minutes and the men had quite a bit to talk about. we'll see where it goes. thank you, mike. >> reporter: thank you, martha. bill: the state of arizona just announcing it will not create
cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because...
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Nov 9, 2012
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always good to talk to you. >> real quickly if i may we're going to be all over the fiscal cliff. we've got four top members of congress to talk about that on sunday and we've just booked dianne feinstein the head of the senate intelligence committee. she is going to be on the show and talk about closed hearings that they are holding on libya this week. we'll have the very latest on libya. martha: i hope you all don't go literally over the fiscal cliff. i hope you'll say on this side. >> i hope we don't go over the fiscal cliff it will be a hit to our 401k. martha: we'll see you then. bill: there are new reports suggesting that top obama adviser valerie jarrett may have been involved with secret tkpwoerbgts negotiations with iran. if that is true why she was chosen for that task. >> a robbery caught and camera and they quickly learned the suspect was not playing around when bullets started to fly. >> he pointed it at both of us. give me the money, give me the money. he got it. i gave him everything, she got hers, and he told us to get on the ground and kiss the floor. ÷ martha:
always good to talk to you. >> real quickly if i may we're going to be all over the fiscal cliff. we've got four top members of congress to talk about that on sunday and we've just booked dianne feinstein the head of the senate intelligence committee. she is going to be on the show and talk about closed hearings that they are holding on libya this week. we'll have the very latest on libya. martha: i hope you all don't go literally over the fiscal cliff. i hope you'll say on this side....
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Nov 27, 2012
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we'll talk about what his party will do to keep the nation from going over the fiscal cliff. 34 days. martha: it will go over a bit into january and that will force the issue and they will come together and we'll get something close to that grand bargain on the table that was walked away from. where are we with all of this? much more coming up on that. more than two million americans could lose their unemployment benefits at the end of this year. the 99 weeks of unemployment is about to run out for many of them. steve forbes on the impact on the economy of that and his take whether it is really a bad thing. bill: live pictures tahrir square. this is central cairo. thousands gathering again as night fallen krochs, protesting the new president's unprecedented power grab. they're calling him, some of them, the new pharaoh. we're live there with details. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may k
we'll talk about what his party will do to keep the nation from going over the fiscal cliff. 34 days. martha: it will go over a bit into january and that will force the issue and they will come together and we'll get something close to that grand bargain on the table that was walked away from. where are we with all of this? much more coming up on that. more than two million americans could lose their unemployment benefits at the end of this year. the 99 weeks of unemployment is about to run out...
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Dec 20, 2012
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the standoff in washington over how to avert the fiscal cliff. martha: if president obama and republicans and congress fail to reach a budget deal -pbl seniors coul, many seniors could see their medicare premiums go higher. they are paying very close attention to that. both sides agree to expand a little known law so morey tireees considered well off by the government are required to pay higher payments for premiums and proceed prescription coverage. about 5% of medicare beneficiaries pay higher premiums, that number could grow to 25% if the change goes through. the higher premiums would kick in for individuals making more h-pb $85,000 and couplethan $85,000. and couples making more than $130,000. >> five more victims of last friday's deadly massacre are being laid to rest. six-year-old catherine hubbard. annmarie murphy. benjamin wheeler and six-year-old allison wyatt. five of 26 lives the community is still trying to cope with that are now gone. >> we haven't had to look too far to find sadness and we are finding sadness again today. we've just
the standoff in washington over how to avert the fiscal cliff. martha: if president obama and republicans and congress fail to reach a budget deal -pbl seniors coul, many seniors could see their medicare premiums go higher. they are paying very close attention to that. both sides agree to expand a little known law so morey tireees considered well off by the government are required to pay higher payments for premiums and proceed prescription coverage. about 5% of medicare beneficiaries pay...
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Aug 22, 2012
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bill: marth: and we have a lot more coming on how close we are coming to the fiscal cliff. how our debt is impacting your wallet coming up next. [ pilot ] now when you build an aircraft, you want to make sure it goes up and stays up. [ chirp ] with android apps, you get better quality control. so our test flights are less stressful. i've got a lot of paperwork, and time is everything here. that's why i upgraded to the new sprint direct connect. [ chirp ] and the fastest push-to-talk nationwide. [ male announcer ] upgrade to the new "done." [ chirp ] with access to the fastest push to talk, three times the coverage, and android productivity apps. now when you buy one motorola admiral rugged smartphone, for ninety nine ninety nine, you'll get one free. visit a sprint store, or call eight five five, eight seven eight, four biz. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. n
bill: marth: and we have a lot more coming on how close we are coming to the fiscal cliff. how our debt is impacting your wallet coming up next. [ pilot ] now when you build an aircraft, you want to make sure it goes up and stays up. [ chirp ] with android apps, you get better quality control. so our test flights are less stressful. i've got a lot of paperwork, and time is everything here. that's why i upgraded to the new sprint direct connect. [ chirp ] and the fastest push-to-talk nationwide....
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Dec 19, 2012
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. >> that's what we've been talking about for the last month and a half is the clif fiscal cliff negotiations. let's say that president obama and john boehner and the republicans reach a deal and they are able to cut 1 or 2 billion fro2 bill 2 trillion over ten years. bill: think about what you just said. 1 or 2 trillion over ten years. >> that is nothing. we'll borrow another 8 or 10 trillion in ten years, we'll have done nothing to reduce the national debt. we are not even treading water, we are losing ground year after year. it's going to require fairly steep reductions in spending. the other thing we have to do is accelerate the economic growth of this country. let me just make one other point. we saw last week that the federal reserve is pumping record amounts of money into the economy. one of the things that we are doing now for the first time in our nation's history is that the treasury is borrowing all this money and bill, guess who is buying all the debt? it's actually the federal reserve bank and where do they get the money to buy the debt, bill? they print it. we are printing money
. >> that's what we've been talking about for the last month and a half is the clif fiscal cliff negotiations. let's say that president obama and john boehner and the republicans reach a deal and they are able to cut 1 or 2 billion fro2 bill 2 trillion over ten years. bill: think about what you just said. 1 or 2 trillion over ten years. >> that is nothing. we'll borrow another 8 or 10 trillion in ten years, we'll have done nothing to reduce the national debt. we are not even...
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May 23, 2012
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is this the fiscal cliff people are talking about? >> it is. there is a big pileup at end of the year. all the tax rates are going up. marginal tax rates. dividends tax rates. estate tax. all these tax provisions expire. you've got this sequester which is going to take effect that would put draconian cuts into the defense budget and frankly that is a result of congress not having passed a budget in three years. the reason we got a sequester for the third consecutive year now the senate has not acted on a budget. this is what you end up with. that happens at end of the year. debt limit increase happens at end of the year. it will be very, very difficult if all these things come up in the haze of a lame-duck session of congress to make a lot of sense of it to the american people. i think, in our best interest to move and get some of these things addressed now as opposed to waiting till then. bill: how possible is that because i'm only hearing gridlock again, especially on the senate side? >> well i think that, ply hope would be at least we could
is this the fiscal cliff people are talking about? >> it is. there is a big pileup at end of the year. all the tax rates are going up. marginal tax rates. dividends tax rates. estate tax. all these tax provisions expire. you've got this sequester which is going to take effect that would put draconian cuts into the defense budget and frankly that is a result of congress not having passed a budget in three years. the reason we got a sequester for the third consecutive year now the senate...
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Nov 13, 2012
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martha: talk to me about this fiscal cliff issue. it's scary when you start to dig into the numbers. a lot of folks wondering if simpson-bowles is going to come back up again and how much negotiating both side will actually be able to do. >> i think that's right. it's called a fiscal cliff for a reason and going off a cliff is never a good idea. both the congressional budget office and at the other end of pennsylvania avenue, the office of management and budget have said if we do this it's going to have recession-like implications on the economy. so surely this is something that nobody should want to do. i think, frankly, this is a great opportunity for the president to step forward, he's just been reelected, he doesn't have to run for office again, and come up with a plan that actually can pass. and i think that means, don't do the across the board cuts, come up with a way to have really targeted cuts and look at ways to increase revenue by one growing the economy, and two, maybe look at the tax code, just like governor romney sugge
martha: talk to me about this fiscal cliff issue. it's scary when you start to dig into the numbers. a lot of folks wondering if simpson-bowles is going to come back up again and how much negotiating both side will actually be able to do. >> i think that's right. it's called a fiscal cliff for a reason and going off a cliff is never a good idea. both the congressional budget office and at the other end of pennsylvania avenue, the office of management and budget have said if we do this...
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Nov 12, 2012
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about it, to avert the so-called fiscal cliff. major tax hikes across the board spending cuts, set to automatically go into effect at the end of the year. on "face the nation", senior obama advisor david axelrod discussing how both sides seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president
about it, to avert the so-called fiscal cliff. major tax hikes across the board spending cuts, set to automatically go into effect at the end of the year. on "face the nation", senior obama advisor david axelrod discussing how both sides seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i...
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bill: a former congressional budget director, warning that failure to act on the fiscal cliff could have disasterous consequences for the economy. doug holtz-eakin saying it could lead to yet another recession. >> these are big cuts, 10 to 14% in programs, a quarter of the way through their fiscal year. that is bad policy and dangerous. the fiscal cliff is $440 billion of taxes and $200 billion spending cuts. that is had% of gdp when we're growing one 1/2 2% growth rates. going over the full fiscal cliff is recipe for recession, no question about it. bill: he also says that the most important thing right now for the president to do is reach out to congressional leaders including two of those key republicans, house speaker john boehner, senate minority leader mitch mcconnell. martha: virginia governor bob mcdonnell reacting to the election loss saying the republican party must find a way to better solve their core political message and the delivery. here it is. >> the outrage to newer, voters, minority voters, bret, we got pretty well clobbered across the board. i believe our conservative
bill: a former congressional budget director, warning that failure to act on the fiscal cliff could have disasterous consequences for the economy. doug holtz-eakin saying it could lead to yet another recession. >> these are big cuts, 10 to 14% in programs, a quarter of the way through their fiscal year. that is bad policy and dangerous. the fiscal cliff is $440 billion of taxes and $200 billion spending cuts. that is had% of gdp when we're growing one 1/2 2% growth rates. going over the...
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a fiscal cliff. we think it's a very reasonable proposal, give a responsible leader, a responsible congress a chance to get into august in the next administration and start putting our fiscal house in order. >> lame-duck sessions have been used in the past to ram through gasoline tax hikes, congressional pay races, thousands of wasteful earmarks and trillions of dollars in spending. in this climate do you think this is going to happen. >> absolutely. if you're going to try to pass something in a matter of weeks it will be thousands of pages long. nobody will know what is in the bill other than the staff members who right the bill and the members in control of the mit tees earth people that have the real power, so that's exactly how all the spending abuses occur. we want to avoid that. we also want to avoid any kind of shut down-showdown, let's return some certainty to the american economy so business owners have the confidence to start investing and creating jobs stphaoeu want to pick up on one comme
a fiscal cliff. we think it's a very reasonable proposal, give a responsible leader, a responsible congress a chance to get into august in the next administration and start putting our fiscal house in order. >> lame-duck sessions have been used in the past to ram through gasoline tax hikes, congressional pay races, thousands of wasteful earmarks and trillions of dollars in spending. in this climate do you think this is going to happen. >> absolutely. if you're going to try to pass...